ETH Sees Strong Support From Institutions Amidst Market Volatility

KEY TAKEAWAYS:

  • Macro pressures kick in bearish sentiments over the cryptocurrency market
  • Institutional investors inject $46.8 million in ETH projects for the next bull run
  • High OTM put-call skew reflects short-term bearish sentiments

Market Analysis of Cryptocurrency Pairs, Index and Derivatives

ETH/BTC

Summary

With high OTM put-call skew, the cryptocurrency market may experience a short-term pullback. However, this could be an opportunity to invest in undervalued cryptocurrency assets. While it is difficult to predict with any level of certainty what the market has in store for BTC and ETH, we can safely assume they will continue to command much of the attention among their litany of junior cryptocurrency partners.

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